Molecule Holdings Inc. (TSE:MLCL) has released an update.
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Molecule Holdings Inc., a Canadian cannabis beverage producer, is facing a ‘failure to file’ cease trade order due to delays in submitting its annual financial documents, which has been attributed to a contractual dispute and the subsequent onboarding of new financial consultants. The company is working to file the necessary documents by the end of May and has applied for a partial revocation of the order to proceed with debenture amendments and financing. Additionally, the majority of debenture holders have agreed to amendments which will convert their holdings into common shares, with the Canadian Securities Exchange approving these changes.
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